XAUUSD Local Short!XAU-USD went up and
Retested the horizontal
Resistance of 2425
From where we are
Already seeing a bearish
A reaction and we will
Be expecting a further
Move down!
Xauusdsell
Gold needs to be adjusted. Buy first, then sell.TVC:GOLD OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1!
Yesterday, the U.S. dollar index recorded its largest daily gain since June 20, as the July Philadelphia Fed manufacturing index was significantly higher than expected, showing signs of a strong U.S. economy. At the same time, market expectations for a ceasefire agreement in the Middle East have increased, which has slightly suppressed demand for gold. Affected by this, the price of gold fell below the rising trend line and is now near the previous support line of 2420.
In the big direction, the price of gold has turned from a bullish trend to a bearish trend. This state will not change before new news or data affects it, so trading is mainly based on selling high.
From a technical perspective, the unilateral decline is particularly strong, but it cannot be sustained. Now the price has just stopped falling at 2420. I think it needs to rebound upward and adjust before continuing to fall.
Summary: There is a need for rebound adjustment after a big drop, and the strategy is to rise first and then fall.
Gold Friday Trading Strategies and Signals
XAUUSD. Today is July 19, 2024.
Gold broke the first round of the upward channel. As the high price was realized, the market sentiment. Gold fell to a new price range.
Trading in this range is accompanied by two factors.
1/ Gold is still in an upward trend. Unless gold falls below 2369.
2/ The short-term downward trend of gold has not ended.
So I think our short-term trading should be based on scalping and buying. Selling at high prices.
The price range I give you for trading:
Gold sell:
xauusd sell
1/2424-2428 sl2432 (If gold falls after stretching in the US market, this is a good trading range)
2/2439-2444 (If gold breaks through 2432, then this signal can be used as a scalping transaction. Profit 40-90pips)
Gold buy:
2402-2405 (scalping transaction, profit 40pips or more)
2392-2395 (scalping transaction, profit 40pips or more)
2380-2384 sl2374 (buy and hold. I think this price is the rebound price of the rising channel. At least it is very safe today)
Please try to trade in these price ranges and set sl. Refer to the notes after each signal to know how to trade
I wish you all a smooth trading. If you are interested in my analysis, please like me and join me.
Gold fell as expected, making a huge profit of 500pipsThe magic was successfully demonstrated, and we finally met at 2430-2420! In the past two days, I have been emphasizing shorting gold and setting a target: 2430-2420. And the day before yesterday, I also emphasized in the article that shorting gold in batches in the 2470-2480 area, the target is 2430-2420. Today, gold continued to fall, and the lowest has reached around 2404. Perfectly hit our target area, we successfully made a profit of 500pips, a great deal!
At present, gold has fallen sharply and has continuously broken through multiple short-term supports. Now it is not just a correction, but the market sentiment venting and the selling of chips have formed a combined force to stimulate gold to form a new downward trend. At present, gold has fallen below the support near 2410, and the short-selling counterattack has strong potential. At present, there is no technical structure to support the rebound of gold, so I think gold will definitely test the 2400 integer mark. If gold falls below 2400, then gold may accelerate its decline to the 2385-2360 area in the future.
So in terms of trading, don't go long on gold for now; but the market won't give us a good position to go short easily. So what we have to do now is to wait and see! Of course, if gold has a chance to rebound to 2420, we can go short on gold.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
xauusd Thursday trading strategy
xauusd Today is Thursday, July 18.
As I predicted, gold retreated from 2483 to around 2451 yesterday. Very accurate analysis. Today I will continue to bring you trading strategies
I still circle the price range for you:
The current range is between 2430-2483. Breaking through any range will trigger a new trend.
1 Trading within 2430-2483:
Buy:
2438-2445
2427-2432
Sell
2469-2474 sl2476.5
2479-2483 sl2486
Trading outside the range:
Sell:
2492-2495 Break through this area and no longer sell.
My analysis currently only includes the above signals. If there is a new trend, I will update it again.
If you like my analysis, please like and join me. I will help you trade every day and make trading simple
XAUUSD: Buy on dip, target previous high and 2500From the 1H chart of gold, the current price is still above the trend line. Yesterday's bottoming action did not break the trend line, but stepped back to the support of the previous high of 2450 and then rose again.
My view remains unchanged. If the trend line is not broken, we will continue to be bullish. As long as it falls back, we can buy at the position.
It should be noted that the historical high of 2482 has not been broken twice, and there is indeed some selling pressure. Therefore, we can be conservative and set the target at 2480.
If the gold price still cannot break through the historical high next, we can change the strategy and sell near 2482.
Don’t be afraid of the double shoulder top. Gold will rise again
When the buy order reached the target position of 2482 and closed, the market fell again.
The current price is around 2462, and I think the buy point is coming again.
If you are still losing money or don't know how to trade, then you should contact me and increase your account. Don't let procrastination and hesitation lose you money.
COMEX_MINI:MGC1! NYMEX:MCL1! BINANCE:BTCUSDT FX:GBPUSD TVC:DXY MCX:CRUDEOIL1! NYMEX:WTI1! COINBASE:BTCUSD COMEX_MINI:MGC1!
COMEX:GC1!
OANDA:XAUUSD MCX:GOLD1! TVC:GOLD
Short gold, target 2430-2420!Good afternoon everyone, I am still holding a short position. I am optimistic that gold will fall back to 2430-2420, or even 2420-2410 area.
From the chart, we can see that the current high point of gold near 2482 is exactly the top range of the daily chart, so there is a possibility that it will encounter resistance and fall. The bottom of the daily range is currently at 2300, which is definitely a bit far for us. However, we can also look down step by step from the high position.
After breaking through the high point of 2482 today, it has retreated to around 2460. The hourly chart range has been broken. From the current point of view, the bottom of the hourly chart range is around 2430-2420. Therefore, there is a high probability that gold will have a deep correction space in the future.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
It's time to short gold. Horrible data is about to be released
You saw this post before. Then you must be lucky. Because the gold price rose from 2372 to 2443.
Today's news will be updated soon. The market will fall sharply under the influence of the horrific data.
I was sent by God to save you.
If you missed the last rise, then go short this time. You'd better not miss it. Otherwise, you will regret not following the guidance of the messenger.
NYMEX:WTI1! COMEX:GC1! OANDA:XAUUSD MCX:GOLD1! TVC:GOLD FX:GBPUSD TVC:DXY COINBASE:BTCUSD MCX:CRUDEOIL1!
Gold ShortShort Sell Analysis for Gold After a Strong Upside Move
Market Overview
Gold recently experienced a strong upside move, driven by various macroeconomic factors, such as inflation concerns, geopolitical tensions, and a weakening U.S. dollar. These factors have collectively increased investor demand for gold as a safe-haven asset.
Gold is approaching significant resistance. While the recent strong upside move in gold has been fueled by various bullish factors, technical and fundamental analyses suggest that the metal might be due for a correction. Short selling gold at current levels, with proper risk management strategies, could be a profitable trade if the anticipated pullback occurs. However, it's essential to stay informed about ongoing economic developments and market sentiment to adjust the strategy accordingly.
Gold has a callback demand, the current price is SellAt present, gold is still rising from a big trend. If it cannot fall below the rising trend line, the gold price will continue its current upward momentum.
However, after yesterday and today's strong rise, gold has a short-term correction demand. Only a fall can have better room for growth. It should be understood that today it has risen by $20 from the bottom again. The gold price has deviated too far from the moving average, and the price has also come to yesterday's high point. There is obviously resistance here.
Therefore, you can choose to sell at a high level near 2440 first, and wait for the price to return to the trend line again, and then look for opportunities to buy, but there is an uncertain factor, that is, the US June retail sales monthly rate later needs to be closely watched.
Start shorting gold!Today, gold still maintains an upward trend, and gold is currently trading around 2420. Everyone must have questions, whether the bulls will continue to rise, or wait for the high point to pull back, I think this is the most concerned issue for everyone at present!
In fact, I am not optimistic about how high gold will continue to rise. Although gold has risen to around 2420, it seems strong. However, gold has never been able to break through the left shoulder of the daily head and shoulders top pattern during the rise, so the daily head and shoulders top pattern still holds! The rise in the right shoulder of gold is not strong, so we must be careful of the shorts counterattacking at any time. So in the next transaction, we can't be too aggressive in going long on gold! Be careful of the trend of gold falling after rising. Once the decline of gold causes selling, it will be difficult for long positions to get out of trouble; in addition, the US dollar index has also touched the support position in each cycle, and the support rebound of the US dollar index has also suppressed gold to a certain extent!
So in terms of trading, I don’t advocate going long on gold at present. On the contrary, I prefer to go short on gold at a relatively high level, and then wait patiently for gold to fall!The main focus on the upper side is the 2425-2430 area resistance, and the lower side is the 2400-2395 short-term support, followed by the 2385-2380 area support.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: high 2420Sell, target 2402The overall performance last week was good and the winning streak was maintained. I hope it can be continued this week.
Gold's opening performance today was average, and the upward trend was not as strong as last week. The short-term pressure of 2420 has been unable to break through many times. This is likely to be a signal of peaking. At the same time, the high head and shoulders structure can be clearly seen on the daily chart. This is a downtrend pattern.
Judging from (1H), it is currently in a high-level and wide-ranging state of shock, and now it has once again reached the pressure area of 2420, and is stagflation here again. Since it cannot break through, it will fall again. Therefore, I think we can sell near 2420, with the target set at the previous lows of 2402 and 2395.
XAUUSD, Selling Opportunity from 1H OBXAUUSD, I am looking for Selling Opportunity from 1H OB, and with 1M OB from LFT with the target area of 2390 with 2315 stop.
good luck
Update gold price on important CPI dayGold Yesterday, after retesting 238x as I expected, there was a decrease to 237x.
Regarding the Main Trend, Gold I think can still continue to increase strongly.
Today everyone continues to refer to the Gold Buying Trend Plan around 2370>2374
SL 2368
City 2380>2388
If Gold retests the candlestick areas on the 238x or 239x area and shows good signs, I will update more.
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Gold charge forecast
World gold charges accelerated withinside the context of the USD index falling. Recorded at 4:00 a.m. on July 11, americaA Dollar Index measuring the fluctuation of the dollar with 6 foremost currencies turned into at 104.6952 points (down 0.11%).
Gold charges accelerated withinside the context of Chairman of americaA Federal Reserve (FED) - Mr. Jerome Powell giving a speech earlier than the Financial Services Committee of americaA House of Representatives. He reiterated that the primary bank "stays absolutely targeted on its twin mandate of selling most employment and solid charges". The FOMC believes that "the dangers to reaching our employment and inflation desires are extra balanced."
The Fed Chairman additionally emphasised that the FOMC will keep to make choices at every meeting "after cautiously comparing enter facts and their effect at the improvement outlook, stability of dangers and exposure." suitable direction of financial policy.
Asked whether or not the Fed could want to look center PCE inflation fall beneath 2% at the least as soon as withinside the coming months earlier than thinking about a fee reduce, Mr. Powell disagreed.
When requested approximately the elements the FOMC wishes to recall to guide an hobby fee reduce in September, the Fed Chairman stated: "I didn`t deliver any alerts approximately a selected date. What we stated turned into "We need to have extra confidence. That way higher inflation numbers, that inflation is coming down sustainably to 2%."
Mr. Bart Melek - head of commodity marketplace method at TD Securities economic offerings company - stated that the marketplace believes that americaA Federal Reserve (FED) is possibly to begin reducing hobby rates. subsequent September. It is that this psychology this is definitely contributing to the contemporary situations of the gold marketplace
XAUUSD SELL !!!After touching the resistance daily line, and in 1H chart I see the price make a consolidation price after making a bearish movement, I assume it took a sell trade in gold
Czech Gold Holdings Rise as Governor Michl Diversifies Reserves he Czech Republic expanded its gold reserves in June as central bank Governor Ales Michl continues to execute a plan to diversify investments to make his institution profitable. Czech holdings of the precious metal increased to 41.5 metric tons, from 39.7 tons in the previous month, central bank data showed on Tuesday. The value of gold totaling $3.1 billion at the end of June still represented only a fraction of the overall reserves of $146.5 billion, which are one of the highest in the world relative to the size of the economy. Michl, who started his six-year tenure in July 2022, has set a goal to boost the ...
XAUUSD:2365 select Sell. Target 2352-2340From the overall trend of gold prices in recent times, it is a trend of rising first and then falling back. The daily line forms a downward signal of dark cloud covering the top, and the short-term bullish trend has come to an end. At the same time, it rebounded after falling to the second support level of 2352 yesterday, and now it is around 2365. After breaking through yesterday, the 2365 line has turned from support to resistance. Therefore, we need to adjust our strategy and flexibly respond to the next gold price changes.
In summary, today we have to make some trading strategies around the 2365-2352 range. At present, the gold price is around 2365. We can choose to sell here, with a target of 2352. If it falls below this support, we can see the target as 2340. If there is enough support at 2352, we can choose to close the profit and look for opportunities to buy here.
The US economy clearly shows cracksGOLD the day gone by after having a robust fee drop of almost 30 points. Now it has returned. With the fashion in H4 and D1 nonetheless displaying an boom, consistent with me, GOLD will maximum possibly check one extra beat to boom 238x.
With the information that the conflict remains going on, consistent with me, destiny GOLD could be capable of boom with the aid of using 2,500, everyone!!
For today`s plan, please confer with BUY GOLD round 2355>2359
SL 2351
TP 2366>237x
Currently the Buy facet is pretty robust so I will consciousness on BUY. If there's a brand new overall performance or a Sell point, I will notify you later, everyone
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The enduring power of americaA financial system through the years has amazed specialists. However, cracks are beginning to seem withinside the world`s biggest financial system because the carrier region weakens markedly because the unemployment price hits its maximum degree in almost 3 years.
Some financial specialists are starting to fear that americaA financial system is ready to fall into recession, that could purpose americaA Federal Reserve (Fed) to behavior a chain of hobby price cuts.
#xauusd Today is the trading strategy for July 8. (next Monday)
#xauusd Today is July 7th. I bring you accurate and perfect profit signals every day. Last week, everyone has made a lot of money for a week. Tomorrow is the first trading day of next week.
On Friday, gold rose directly from 2347 to 2392. My multiple signal intervals have won huge profits in different periods.
The current signal area for tomorrow's activity range is between 2357-2414. So I have circled some trading signals that can help you make profits in different periods of time
1/Buy range
Buy 2372-2376 (gold backtest, this price may be more suitable for buying and making a certain profit)
Buy 2361-2366 sl2357 (this price may appear in the US market. You can look forward to it)
2/Sell area
sell2391-2395 sl2398 (this area is more suitable for scalping.)
Sell 2309-2312 sl2314 (if the price breaks through this area, a new trend will form again)
I wish you all to win ideal profits on the first day of the new trading day. I will update my ideas every day when the European market approaches the US market. If tomorrow's trading area and signal fail, I will update my ideas at the same time.
I will help you choose profitable signals every day. Please give me a thumbs up. And join me. Thank you all
Gold rebounded strongly regardless of nonfarm newsGOLD is currently completely on the trend of the BUY side, but in terms of price model, I see that there is a reaction of 2 parallel cumulative peaks, most likely today or tomorrow. There will be a slight correction back to the 237x area. For me today, I will watch sell based on RSI over buying in Frames H1 and H4.
For today's plan, please refer to Canh Sell GOLD around 2384>2387
SL 2389
City 2378>2370
I will wait to BUY GOLD when there is a reaction below the 237x area, so for now everyone just watch for Sell.
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Optimism is protecting the arena gold marketplace. Disappointing monetary data, highlighted via way of means of a slowdown withinside the US exertions marketplace, are growing marketplace expectancies that the Federal Reserve will decrease hobby costs in September. According to CME`s FedWatch Tool, The marketplace sees a almost 80% threat that hobby costs may be reduce after the summer time season break.
Independent metals dealer Tai Wong primarily based totally in New York (USA), stated bulls are aiming for a state of affairs in which gold charges will go back to an all-time excessive of $2,450/ounce, if the Fed begins offevolved making public hints (approximately while to reduce hobby costs) in September 2024.
Senior marketplace analyst Jim Wyckoff at Kitco Metals stated that the gold marketplace is being supported via way of means of "good buy hunting" shopping for sports of investors, whilst crude oil charges growth and the USD is weaker. additionally creates upward momentum for gold charges. This professional predicts that gold charges will probably flow sideways at present day tiers or lower from now till the stop of the summer time season.
In the instant future, withinside the week of July 8-12, spot gold charges face an crucial mental barrier of 2,four hundred USD/ounce. If this threshold isn't always exceeded, profit-taking strain and short-promoting sports might also additionally growth, inflicting gold to regulate again down.
Gold Shorts from 2,410 back downScenario A:
Gold is looking promising for upcoming sells within the 2-day supply zone. As price has been bullish, I expect it to slow down and weaken when approaching this supply. Once price mitigates, I anticipate a Wyckoff distribution to form, providing a precise entry for a valid sell.
Scenario B:
If price retraces before reaching the supply and enters a demand zone, I will look to buy back up towards the supply, following the current bullish trend. Key zones include the 16-hour demand zone or the daily demand zone, where I will be looking to enter buys.
Confluences for Gold Shorts:
- Price has been bullish and requires a retracement.
- Entering a 2-day supply zone that has caused a CHOCH to the downside.
- Lots of liquidity to the downside that needs to be taken.
- If price wants to continue going up, it must retest a demand zone I have marked.
P.S. Scenario C:
If price breaks past the 2-day supply and continues rallying, it will likely carry on its long-term bullish trend, potentially breaking new all-time highs.
Planning for xauusd today
Plan today:
Today there is strong norn-farm news in the US session, so the plan applies to Asia and Europe
scaping at key levels of 30-60 pips sl 50 pip, remember to manage capital
If gold increases 7x, virgin POC will be tested at 77/79
join me.
